Thyssenkrupp intends to fire more than 2000 people in Germany and Spain

Thyssenkrupp AG, the largest steel manufacturer of Germany, will reduce more than 2,000 jobs in Europe when implementing the planned business reorganization plan and reduce excess metallurgical capacities. This is written by Bloomberg.

The reorganization of European assets of Thyssenkrupp, according to its authors, will save about 500 million euros ($ 670 million) and provides for the closure, movement and sale of some divisions and industries. Metallurgical plants in the Ruri region of Germany and Spain can be affected by "optimization". The closure of these assets will throw 1800 people per street. How they will submit a report to the Pension Fund so far remains unknown.

"The new team of managers of the European Business Region has developed a package of measures, the purpose of which is to achieve a sustainable increase in profitability of the production of steel and competitiveness of the company," the statement by Tyssenkrupp said. "The adopted optimization program will allow saving about 500 million euros in the 2014-2015 financial year."

The problem of overproduction of steel in Europe has risen for a long time, with existing capacities of 210 million tons of steel per year, normal demand in the eurozone market does not exceed 160 million tons, analysts by the European Association of EUROFER became. Revenues in the steel industry fell sharply with the beginning of a debt crisis in the European Union. The cheap export of metal distribution from communist China leaves no hope of restoring the industrial potential of European metallurgists.

"The European Metallurgical Industry is faced with serious challenges," the statement by Thyssenkrupp said.

As we have already reported, Thyssenkrupp AG put up for sale its American assets in Brazil and the USA, trying to reduce the number of loss -making assets.